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Pandora Papers And The Paradox Of A Propaganda

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By Bala Ibrahim.

It is no longer news that few weeks ago, the media space was filled with the report of a global investigation, that exposed the alleged offshore hideaways of some of the world’s most powerful people. Under the name, The Pandora Papers, and carried out by the International Consortium of Investigative Journalists, ICIJ, the project was said to have sieved through nearly 12 million confidential files, that revealed how some people, including high profile Nigerians, flout extant laws and legislation.

What may be new is the contradictions in the reports, alongside the perceived purpose of the project, and the motive behind the propaganda, especially where some people were unfairly accused of seeking to conceal their financial dealings, by setting up shell companies to warehouse large assets in illegal jurisdictions.

Through misconceptions, factual mischief, crafty and deceitful methods of putting out reports, the propagandists aim at silently and skillfully smearing the names of some people, living and dead, with the Abacha family evidently amongst the targeted dead. It is sad that even death, and after over 20 years in the grave, some people wouldn’t allow Abacha to sleep in silence.

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This article intends to look at the journalistic jiggery-pokery used by some colleagues of the pen profession, to wrongly rope in some people in underhand dealings, by giving insights into some of the facts that have been muted deliberately in the propaganda, especially the lies to smear the name of the Abacha family, using Governor Bagudu of Kebbi state, as a sitting duck.

The report of the mischief in the Pandora papers began thus, “Eleven years ago, Abubakar Bagudu, the current governor of Kebbi State, then a senator, dispatched a delegation to Singapore in search of a new haven to shelter his controversial wealth, which is a target of ongoing forfeiture proceedings by the United States Department of Justice.

The propagandists say the huge funds, warehoused offshore, is part of billions of dollars Mr Bagudu helped the Sani Abacha family to steal from Nigeria in the 1990s. Mr. Bagudu’s choice of secrecy provider in Singapore was Asiaciti Trust, an entity notorious for helping clients hide behind opaque offshore trusts to launder dirty money across borders”.

Investigations have shown that this is untrue, and in addressing the contradictions in the story, and also in order to particularly absolve Governor Bagudu from the framework of these fabrications, I would start by publishing the response of Bagudu’s UK lawyer, to one of the enquiries from Mr. Begley, a foreign media editor, viz:

Dear Mr. Begley.

Thank you for your email of 21st September 2021. Mr. Bagudu has had similar enquiries from Premium Times of Nigeria and the Guardian and it may be convenient for you to liaise, since there seem to be some shared misconceptions and factual errors.

Your questions rest on a premise that there is something illegal or nefarious about the Blue trusts or the monies they hold, and that AsiaCiti were in some sense complicit in underhand financial machinations. This is incorrect and in fact the trusts, the assets they hold, and the interests in both, have been disclosed to the Federal Republic of Nigeria and the authorities in the UK, where the monies have been held, for at least 22 years, at least 11 years before any involvement of AsiaCiti.

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All monies held by the Blue Family Trust are lawfully held, following settlement of disputes with the Federal Republic of Nigeria (“FRN”) during the Presidency of President Obasanjo. Even before that, the fact of those holdings, their location in the UK and their ownership has been known to the FRN and/or the UK authorities from (at the latest) 1999 to date.

To the extent that the settled disputes concerned allegations of corruption against Mr Bagudu, those are, and have always been, denied. It should be noted that there are no findings of any wrongdoing against Mr Bagudu, either civil or criminal, in any jurisdiction, nor has Governor Bagudu been indicted by the United States.

Between 1999 and 2003, there was extensive civil litigation and investigations, including in Nigeria, the UK, Jersey and Switzerland, concerning allegations of corruption relating to certain transactions from the period when General Sani Abacha was Head of State of Nigeria.

Mr Bagudu reached a compromise with the FRN in 2003 (“the Settlement”) by which all claims against him and his family were ended and the FRN received cash and certain rights with an approximate value of $300m. This was in addition to the more than $750 million that Mr Bagudu assisted the FRN to recover immediately following the death of Gen Abacha.

The Settlement was executed with the express authority of President Obasanjo of Nigeria, who provided a signed confirmation that could be produced to third parties, to confirm that the Settlement resolved and released all claims and liabilities of any kind (civil, criminal, or regulatory) that might exist against Mr Bagudu and his affiliates (defined to include certain individuals and entities associated with Mr Bagudu and his family).

The Settlement was the subject of an Order of the English Court. It was implemented with the consent of the relevant English authorities, being the National Crime Intelligence Service (NCIS, subsequently replaced by the Serious Organized Crime Agency (“SOCA”) and the National Crime Agency (“NCA”). NCIS was informed of the allegations that had been made by the FRN, the settlement reached with the FRN and their permission was sought for the transfers, on behalf of Mr Bagudu and related parties and the legal professionals involved. The Settlement was carried into effect with the cooperation and assistance of the Jersey, English and US authorities.

Further, the existence of the trusts were disclosed to the Code of Conduct Bureau in Nigeria by Governor Bagudu and he has at all times complied with all his obligations under Nigerian law. All the circumstances of the monies held and how they were owned had in any event been known to the FRN since 1999.

Your queries to Mr Bagudu suggest that you believe that there is some revelation or surprise about the Blue trusts and their assets or how they came to exist when in fact they are assets that have not moved in more than 22 years, or are fully disclosed and held with the express agreement of the Federal Republic of Nigeria”.

From the foregone submission, it can be seen that the paradox of the Pandora papers, as it affects Governor Bagudu, was foregrounded in the paragraph that reads, “The settlement was executed with the express authority of President Obasanjo of Nigeria, who provided a signed confirmation that could be produced to third parties, to confirm that the settlement resolved and released all claims and liabilities of any kind (civil, criminal, or regulatory) that might exist against Mr. Bagudu and his affiliates.”

If indeed there was a settlement, to which the then presiding President of Nigeria, in the person of Olusegun Obasanjo, provided a signed confirmation, it would be mischievous, malicious and malevolent, to change the narratives to contemplate something illegal or nefarious.

The intent of the Pandora papers is undoubtedly similar to that of the Panama papers of 2016, which exposed offshore companies linked to a number of politicians in Nigeria, that sparked outrage across the country, calling for probes and prosecution of the prominent Nigerians mentioned in the shady deals, but none of the alleged violators was found culpable or guilty enough to be sanctioned.

However, unlike the Panama papers, the Pandora papers has come with a peculiar bias of intentional impairment of the truth. And late Abacha and Atiku Bagudu are two of the targets intended for incivility.

There seems to be a grand design to even question the integrity of President Muhammadu Buhari, who has time without number, doubted the allegations levelled against late Abacha, and whose regime has been working assiduously to recover all looted monies within and without.

Two of the major responsibilities of journalists are upholding the truth, through verification and unbiased reportage. If findings in the Panama papers could not hold waters because of the failure to fulfil such responsibilities, the same fate awaits the Pandora papers, whose revelations are not only contradictory, but condescendingly contemptuous.

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Aliko Dangote Foundation Flags-off N16BN National Food Intervention Project.

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Over one million Nigerians nationwide will receive a 10kg bag of rice each as the Aliko Dangote Foundation (ADF) Thursday launched the 2025 Annual National Food Intervention Project valued at N16billion.

Speaking at the ceremony in Kano, the Chairman of the Aliko Dangote Foundation, Mr. Aliko Dangote, said the distribution of one million bags of 10kg rice to the poor and most vulnerable Nigerians in the 774 Local Government Areas is in line with the core values of his company and Foundation.

Dangote, who was represented by his daughter Marya Aliko Dangote said: “This annual initiative, which embodies compassion, solidarity, and shared responsibility, is part of our response to the current economic challenges facing our nation. It reflects our commitment to supporting our communities in line with our core values.”

He said the Foundation was kicking off the distribution in Kano State, after which it will proceed to other states while ensuring that the food reaches those who need it most in all the Local Government Areas of Nigeria.

Mr. Dangote who is Africa’s wealthiest person said Food remains a basic human necessity, and this is why the Aliko Dangote Foundation adopted the practice of embarking on a food distribution program across the States.

“We are collaborating with state governments to ensure that the food reaches the most vulnerable individuals in each state,” he added.

Ladies and gentlemen, our Foundation focuses on improving the living conditions of Nigerians through support for projects that tackle hunger and water supply problems, strengthen the quality and scope of health and education, and promote economic empowerment at the community level
“Your Excellency, I believe that today’s event will help in tackling hunger and helping the most vulnerable people in breaking their fast.

“We are playing our role in enhancing the living conditions of our people. I urge other industrialists and firms to lend a helping hand in combating hunger through programs and initiatives that will place food on the tables of vulnerable Nigerians.
“This job should not be left to the government alone, rather we need a public-private partnership that will help us in fighting the scourge.

“I commend the government at all levels for its efforts in addressing the food crisis. I am certain that with time, we shall overcome these challenges, therefore let us support the government to achieve its target of a better life for Nigerians, “he said.

Governor Abba Kabir Yusuf of Kano State, who flagged off the Annual National Food Intervention Project said the intervention reflects the unwavering commitment of Mr. Dangote in addressing poverty and hunger in Nigeria.

The Governor who was represented by his Deputy Comrade Aminu Abdulsalam Gworzo said 120,000 bags of 10kg rice will be distributed across the 44 Local Government Areas of the State.

He described Mr. Dangote as humane, adding that: “A similar event took place last year where he oversaw the distribution of foodstuff to the poor in this very arena.”
To ensure transparency in the distribution process, he said the state government has set up a committee comprising relevant ministries, CSOs, religious leaders, departments and agencies, local authorities, the Hisbah Board, and security agencies.

Speaking to newsmen, the Managing Director and Chief Executive Officer of the Aliko Dangote Foundation, Zouera Youssoufou, said the Annual National Food Intervention Project is a way of giving back, and supporting governments in fighting poverty and hunger in Nigeria.
She said Mr. Dangote is passionate about philanthropy and committed to ensuring that hunger is wiped out or reduced to the minimum in Nigeria.

“We are going to other states to distribute the products, but we’ve just flagged off in Kano,” she told newsmen on the sideline of the Kano Government House, the venue of the flag-off.

The Deputy Commander-General of Hisbah Board in Kano, Dr. Mujahid Aminudeen, thanked the Aliko Dangote Foundation for the initiative, urging more Nigerians to emulate Mr. Dangote in the humanitarian cause.
He said the Hisbah Board will ensure that the products reach the targeted beneficiaries.

Representative of the poor and vulnerable Ibrahim Ahmed thanked Mr. Dangote while praying to God to help him in his businesses.
Background .

ADF has been at the forefront of tackling and ameliorating the impact of natural disasters and health challenges in Nigeria and the rest of the world.
ADF donated N153million to boost Nigeria’s fight against Ebola Virus Disease in 2014, $3million to the African Union (AU) to help combat the scourge, and N66.66 million to install thermal scanning systems and cameras at Nigeria’s 4 international airports.

During the COVID-19 pandemic, we donated N2billion to the CACOVID Fund, a Private Sector task force in partnership with the Federal Government, the Nigeria Centre for Disease Control (NCDC) and the World Health Organisation (WHO) with the sole aim of combating Coronavirus (COVID-19) in Nigeria.

In support for education, we donated a N1. 2bn modern business school edifice to the Bayero University, Kano, a fully equipped 2,160-bed capacity hostel complex to the Ahmadu Bello University, Zaria and a N300 million building to University of Ibadan Business School.

Beyond the shores of Nigeria, Aliko Dangote Foundation has also recorded milestones with a donation of $1million, to lift victims of two earthquakes that devastated Nepal.

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Buhari Reaffirms Loyalty to APC, Requests to Be Addressed as a Member

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Former President Muhammadu Buhari reiterated his unwavering loyalty to the All Progressives Congress (APC). Without referring to any individual, cast of characters, or issues, Buhari emphasized that he remains a dedicated member of the APC and wishes to be addressed as such.

“I am an APC member and I like to be addressed as one,” Buhari stated. He expressed his commitment to popularizing the party that granted him two terms in office, vowing to do whatever he can to support it.

Buhari also conveyed his gratitude for the support he received from the APC before and during his presidency, which he considers the highest honor. “I have nothing but gratitude for the support that the Party gave me,” he said, adding that he would never ask for anything more.

Furthermore, Buhari highlighted the sacrifices made by the founding fathers to establish a strong party that protects the constitution and democracy. He urged that these efforts be cherished and nurtured.

The press statement was signed by Garba Shehu on March 13, 2025.

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Nigeria, other African countries committed to energy transition amid global push for net-zero emissions – Veheijen

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The Federal Government has reaffirmed its commitment to creating an enabling environment for hydrocarbon investments to address energy poverty, emphasizing that Africa is not a net contributor to global emissions.

The Special Adviser to President Bola Ahmed Tinubu on Energy, Olu Verheijen, made this statement on Tuesday in Houston Texas, United States during a session at CERAWeek by S&P Global, themed “Policy and People: Pathways to a Just Transition.”

The session, chaired by Vera Blei, Head of Market Report & Trading Solutions at S&P Global, featured key speakers including Scott Tinker, CEO of Tinker Energy Association, and Sunita Narain, Director-General of the Centre for Science and Environment.

Africa’s Role in Global Emissions
Nigeria, along with other African and middle-income countries, continues to advocate for a just energy transition amid the global push for net-zero emissions. Under its “Decade of Gas” initiative, the Nigerian government has adopted natural gas as a transition fuel to support economic growth while reducing carbon emissions.

Verheijen highlighted that Africa and other low-income countries contribute only about 3–4% of global greenhouse gas emissions, in contrast to China and the United States, which account for approximately 30% and 13% of global CO₂ emissions, respectively.
Together, both countries are responsible for nearly 40% of global emissions.

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Creating an Attractive Investment Environment, Verheijen emphasized Nigeria’s commitment to fostering a stable investment climate and addressing climate-related risks through clear and transparent policies.

“In Nigeria, we are ensuring that we create an enabling environment for investments. On climate change, we recognize the importance of risk perception in our markets and are committed to transparent policies that stand the test of time, enabling the deployment of capital,” she stated.

She also underscored the need for greater regional integration to attract capital and enhance market efficiency.

“We need to strengthen economic integration across African nations to create a larger, more attractive market for investment. By pooling resources, integrating markets, and leveraging collaboration across the continent and regional blocs, we can drive sustainable development,” she added.

Data-Driven Policy for Sustainable Growth
Verheijen stressed the importance of better data collection and analysis in Africa to support informed decision-making and policy development.

“Even if Africa experiences exponential economic growth and reaches middle-income status, the continent will still not be a major contributor to global emissions. The bulk of emission reductions will have to come from developed nations, which must diversify their energy sources and invest heavily in carbon removal and reduction technologies,” she explained.

She further noted that a balanced approach is necessary to ensure that developing economies can utilize their natural resources to drive prosperity, while also adopting climate solutions that enhance adaptability and sustainability.

Through strategic investments and policy reforms, Nigeria and the broader African continent aim to bridge energy poverty, attract investment, and contribute to a more sustainable global energy transition.

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